I'm a firm believer that KKR is simply buying the debt and financing plants 2 and 3. KKR bought LCY Chem for USD $1.56B, do you really think a measly 75M in debt outweighs the value of the tax attributes, rights to licenses and $3B in take-or-pay contracts?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.